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On Wednesday, I told everyone who knows what’s good for ‘em to get their helmets on, because it’s about to get very choppy.
Well, I hope your choice of protective headgear is comfy and stylish because my prescription hasn’t changed. In fact, if you’ve got two helmets, put ‘em both on.
The VIX and all the volatility instruments out there are finally catching their stride and it’s brisk, baby.
Take the bounce we saw this afternoon after a midday dip. The leaders? The financials.
If I were shipwrecked and it was Jamie Dimon who came by in a lifeboat… I’d take my chances on the island. That’s how we should be looking at this new “leadership.”
Tech was up “listlessly,” to put it politely, and the NASDAQ is showing signs of “wear and tear,” to put it even more politely. Not encouraging signs. On top of this, we’ve got the Fed to contend with next week.
Here’s what I want you to do about it…
